FINANCIAL CHRONICLE — During a meeting at the Asian Development Bank’s (ADB) headquarters in Manila, ADB President Masato Kanda reaffirmed the robust development partnership between […]
Category: Economy
Coverage of macroeconomic trends, fiscal and monetary policy, public finance, inflation, debt, and structural reforms impacting the national economy.
Oil Rally Tests Sri Lanka’s $7 Billion Reserve Buffer
Sri Lanka’s fragile external finances remain highly sensitive to fluctuations in global crude oil prices, with even modest increases in energy costs capable of significantly […]
Sri Lanka’s Economic Balancing Act: Tackling Rising Oil Prices and High-Stakes Challenges
As of March 9, 2026, the global energy landscape has experienced a dramatic shift due to a sudden and sharp increase in oil prices. Brent […]
Sri Lanka Customs Surpasses February Revenue Target by 28%
In February 2025, Sri Lanka Customs exceeded its revenue target by 28 percent, collecting 212.4 billion rupees against a target of 160.2 billion rupees, according […]
Sri Lanka Sees 33% Surge in Worker Remittances, Reaching US$729 Million in February 2026
Sri Lanka’s official remittances increased by 33% to USD 729 million in February 2026, continuing an upward trend that began in 2024, according to data […]
Sri Lanka’s Debt Progresses Toward Sustainability, Investors Informed
FINANCIAL CHRONICLE – The Secretary of Sri Lanka’s Finance Ministry has announced that the country’s debt is now on a sustainable path. This statement was […]
Sri Lanka Reduces Threshold for Social Security Contribution Levy Registration
FINANCIAL CHRONICLE — Sri Lanka is preparing to expand its tax base by reducing the registration threshold for the Social Security Contribution Levy (SSCL) through […]
Top Economist Advocates for 2% Inflation Target in Sri Lanka
FINANCIAL CHRONICLE – W A Wijewardene, a former Deputy Governor of the Central Bank of Sri Lanka, has advocated for an inflation target of 2 […]
Sri Lanka Central Bank Conducts Comprehensive Survey of VASPs
The Financial Intelligence Unit of Sri Lanka’s Central Bank is currently conducting a survey targeting virtual asset service providers (VASPs). This initiative is part of […]
Sri Lanka’s Capital Expenditure Poised to Yield Long-Term Economic Benefits, Says Treasury Secretary
FINANCIAL CHRONICLE – Sri Lanka is strategically investing in capital projects following thorough feasibility studies to ensure long-term economic benefits, according to Treasury Secretary Harshana […]
US-Israel Strike on Iran Jeopardizes Sri Lanka’s Fragile Recovery
As the sun rose over Colombo on February 28, 2026, news of a coordinated military strike by the United States and Israel against Iranian strategic […]
Sri Lanka’s Inflation Drops to 1.6% in February 2026 as Food Prices Decline
Sri Lanka’s Colombo Consumer Price Index (CCPI) indicated a slowdown in headline inflation on a year-on-year basis in February 2026, primarily due to a reduction […]
Sri Lanka Harnesses Economic Potential by Embracing Digital Nomads
FINANCIAL CHRONICLE – Sri Lanka is poised to enhance its gross domestic product by welcoming ‘digital nomads’ to reside on the island and engage in […]
Sri Lanka Customs Surpasses February 2026 Revenue Goal in Just 23 Days
FINANCIAL CHRONICLE – Sri Lanka Customs has surpassed its revenue target for the first 23 days of February, according to official data. The target for […]
LankaPay Technnovation Awards 2026 to Honor Excellence in Inclusive Fintech
FINANCIAL CHRONICLE – LankaPay, Sri Lanka’s National Payment Network, has announced that the 8th edition of the LankaPay Technnovation Awards will focus on the theme […]
LankaPay Expands with 260 Government Institutions, Aims to Double by 2026
FINANCIAL CHRONICLE – Lankapay, Sri Lanka’s payment network operator, announced that it has successfully enrolled approximately 260 government institutions into its services and aims to […]
Sri Lanka Central Bank Investigation Uncovers 24 Pyramid Schemes
The Central Bank of Sri Lanka has identified 24 companies operating as pyramid schemes, according to a recent investigation. These companies have been deemed as […]
Bondholders to Decide on Debt Restructuring for Sri Lanka’s State Airline in March
Holders of defaulted SriLankan Airlines debt are set to vote on March 18 regarding an exchange for government bonds, a move that could finalize the […]